Is 60045, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 60045 has remained a Seller's Market.
Housing Prices in 60045, IL
How much do homes in 60045, IL cost?
Median Sold Price
$973,500
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60045 was $973,500 in March 2024, down 3.9% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $227K | +16.4% |
2 Bedrooms | $439K | $420K | -4.3% |
3 Bedrooms | $750K | $772K | +2.9% |
4 Bedrooms | $1.0M | $992.5K | -4.6% |
5+ Bedrooms | $1.8M | $1.7M | -4.4% |
Summary: 60045 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 4.4%.
Housing Supply in 60045, IL
How many homes are available in 60045, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
113 | 123 | +8.8% |
Summary: The 60045 real estate market had 123 homes for sale in March 2024, a 8.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 20 | 25 | +25.0% |
4 Bedrooms | 41 | 42 | +2.4% |
5+ Bedrooms | 37 | 42 | +13.5% |
Summary: The 60045 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 13.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 26 | +36.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 60045 in March 2024, up by 36.8% month-over-month. Of the 26 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% were sold over asking.
Days on Market for 60045, IL
How long does it take to sell a home in 60045, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 70 Days | +2.2% |
Summary: Homes in 60045 had an average of 70 days on market in Mar 2024, up by 2.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in 60045; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.